the_collector
TF Premier
Hey guys,
What is the best approach to be followed when closing a credit card?
Let's assume I have an existing card that is due for renewal on the 10th of April, which of the following is the right approach:
1. Call the CC team before the 10th of April and raise closure request. This would mean no charges are posted to the account. This seems like the better method but we don't always remember the date the charges are going to be posted. If this method, what is the ideal time before the charges are posted we should raise the closure request?
2. Let the fees get charged on the 10th of April and then call them and request for closure? Do they ask you to pay the renewal fee and say that they will reverse it if you want to close? Or will they directly reverse the charges and close the card? Are there any problems in this method?
I ask because I haven't closed a card yet of mine and I have a fyf card that I would like to close and want to ensure I don't make any mistakes.
I haven't been able to find a thread related to this on the forum, so if there is an existing one , please guide me to it.
TIA
What is the best approach to be followed when closing a credit card?
Let's assume I have an existing card that is due for renewal on the 10th of April, which of the following is the right approach:
1. Call the CC team before the 10th of April and raise closure request. This would mean no charges are posted to the account. This seems like the better method but we don't always remember the date the charges are going to be posted. If this method, what is the ideal time before the charges are posted we should raise the closure request?
2. Let the fees get charged on the 10th of April and then call them and request for closure? Do they ask you to pay the renewal fee and say that they will reverse it if you want to close? Or will they directly reverse the charges and close the card? Are there any problems in this method?
I ask because I haven't closed a card yet of mine and I have a fyf card that I would like to close and want to ensure I don't make any mistakes.
I haven't been able to find a thread related to this on the forum, so if there is an existing one , please guide me to it.
TIA